Montenegro GDP Annual Growth Rate  2001-2016 | Data | Chart | Calendar

Montenegro GDP expanded 4.2 percent year-on-year in the third quarter of 2015, following a 3.7 percent gain in the previous period the biggest growth rate in two years. Gross fixed capital formation recorded the biggest rise (up 19.35 percent), followed by exports (up 15.65 percent), imports (up 7.43 percent) and government spending (up 1.16 percent) while household spending went down 2.97 percent. GDP Annual Growth Rate in Montenegro averaged 2.37 percent from 2001 until 2015, reaching an all time high of 10.70 percent in the fourth quarter of 2007 and a record low of -5.70 percent in the fourth quarter of 2009. GDP Annual Growth Rate in Montenegro is reported by the Statistical Office of Montenegro.

Montenegro GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.20 3.70 10.70 -5.70 2001 - 2015 percent Quarterly
As Montenegro formally declared its independence in 2006, it is still in a state of economic transition. The country does not have its own currency and uses Euro as legal tender. The economy relies heavily on foreign tourism and the export of refined metals. On the expenditure side, however, household consumption is the main component of GDP and accounts for 80 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 40 percent of GDP while imports account for 60 percent, subtracting 20 percent of total GDP. This page provides the latest reported value for - Montenegro GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-07-03 01:15 PM Q1 3.2% 2.6% 2.9%
2015-09-30 11:45 AM Q2 3.4% 3.2% 4.58%
2015-12-28 09:50 AM Q3 4.2% 3.7% 3.1%
2016-04-29 09:45 AM Q4 4.2% 3.91%
2016-07-04 12:15 PM Q1 3.65%
2016-09-30 10:45 AM Q2 3.49%

Montenegro GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.20 3.70 10.70 -5.70 percent [+]
GDP 4.59 4.46 4.59 0.98 USD Billion [+]
GDP Constant Prices 1172.30 830.20 1172.30 602.20 EUR Million [+]
GDP per capita 4757.32 4690.32 4757.32 3149.68 USD [+]
GDP per capita PPP 14357.74 14155.55 14357.74 9505.84 USD [+]
Gross Fixed Capital Formation 186931.00 214701.00 214701.00 125180.00 EUR Thousand [+]




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